The president of cryptocurrency trade FTX US, Brett Harrison, has introduced he will be transitioning into an advisory role within the subsequent few months.

In a Sept. 27 announcement on Twitter, Harrison mentioned he will be resigning his place as FTX US president however will stay with the trade “with the goal of removing technological barriers to full participation in and maturation of global crypto markets, both centralized and decentralized.” Harrison had labored as FTX US president since May 2021 following a job at Citadel Securities.

“I can’t wait to share more about what I’m doing next,” mentioned Harrison. “Until then, I’ll be assisting Sam [Bankman-Fried] and the team with this transition to ensure FTX ends the year with all its characteristic momentum.”

1/ An announcement: I’m stepping down as President of @FTX_Official. Over the subsequent few months I’ll be transferring my duties and transferring into an advisory role on the firm.

— Brett Harrison (@BrettHarrison88) September 27, 2022

Related: Regulators have a weak case in opposition to FTX on deposit insurance coverage

Harrison’s announcement adopted one other high-profile resignation within the crypto area as Alex Mashinsky mentioned on Tuesday he could be leaving his place as Celsius CEO efficient instantly, citing the “difficult financial circumstances” customers had been dealing with. On Sept. 21, Kraken’s Jesse Powell introduced chief working officer Dave Ripley will be changing him as CEO as soon as Ripley’s place was stuffed. Powell will keep on with the trade as a board member.

This story is creating and will be up to date.

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